College Costs Calculator

 

You have hopes and dreams for your family. One of your goals may be to send your child to college. What will it cost to go to college five, ten, fifteen years from now? This calculator will help you estimate how much you need to save for college based upon potential rates of return and inflation. The results presented by this calculator are hypothetical and are not intended to represent or predict any investment results. It is unlikely that any one rate of return will be sustained over time. Investments offering the potential for higher rates of return also involve a higher degree of risk to principal. Both the return and the principal value of investments will fluctuate over time.

What is your child's current age?
At what age will your child enter college?
How many years will your child attend college? years
What is the current annual cost to attend your child's college of choice?
At what rate do you expect college costs to increase each year?
How much do you currently have saved for college?
What annual rate of return do you expect your college savings will earn (after taxes)? Enter the rate of return you expect to earn on your college savings account. You should note your personal risk tolerance as well as current market and economic conditions when selecting a rate of return. To give you an idea, equity investments may provide an 8% average annual return over a long period of time. But keep in mind that the return and principal value will fluctuate over time and it is possible to lose money.
Years Until First Payment Needed:
Annual savings required to meet college costs:
Current lump sum savings required to meet college costs: